• Southeast Asia's 11 countries have a combined gross domestic product (GDP) of $1.9 trillion; a population of almost 600 million people; and an average per-capita income nearly equal to China's
  • Asia has also gained strong foothold in global fleet ownership, with 5 of the top 10 ship-owning countries are from Asia including Japan, China, Singapore, Korea and Hong Kong.
  • The rise of trade blocks within more regions may continue to promote intra-regional trade by 2030 with Asia taking the centre stage in the global seaborne trade.
  • The global shipping and offshore energy equipment industry has shifted unequivocally towards Asia. Asia will remain at the heart of the global shipbuilding industry for the foreseeable future.
  • Source: Inboundlogistics, Global Marine Trends 2030


  • Singapore’s maritime ecosystem comprises over 5,000 establishments employing more than 170,000 people, and contributing about seven per cent to the Republic’s gross domestic product.
  • Home to about 130 of the world’s top shipping groups, a rich diversity of maritime products and services can be found in Singapore. It is the ideal Asian gateway for global leaders in shipping finance, shipbroking, risk management and marine insurance.
  • Singapore is also fast becoming Asia’s hub for maritime law and arbitration and is one of the top global players in the offshore and marine engineering industry.
  • As a key gateway to business activities in Asia, Singapore presents opportunities for business transactions and networking with an established ecosystem of traders, shipping companies and maritime service providers.
  • Singapore has 70 per cent of the world market for jack-up rigs and 70 per cent of the global market for the conversion of Floating Production Storage Offloading units.
  • Within the industry, Singapore is undisputedly one of the front runners providing services in ship repairs and conversion, shipbuilding and offshore construction.
  • Source: IE Singapore, MPA

We use cookies to operate this website and to improve its usability. Full details of what cookies are, why we use them and how you can manage them can be found by reading our Privacy & Cookies page. Please note that by using this site you are consenting to the use of cookies.